DYSPEPSIA GENERATION

We have seen the future, and it sucks.

When Liberalism Collides with Reality

3rd May 2017

Read it.

Poor Connecticut. The nutmeg state didn’t have an income tax for a long time, but finally adopted one in 1991 because of course the state couldn’t possibly balance its budget without one. And naturally the rate has been slowly rising. The state went from three tax brackets to seven two years ago. But guess what?

It means the current budget year, which ends in just two months, is now seriously in the red and next year’s deficit has ballooned to $2.2 billion.

It’s happening because the state of Connecticut depends too much on its wealthy residents, and wealthy residents are leaving, and the ones that are staying are making less, or are not taking their profits from the stock market until they see what happens in Washington.

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